Examlex

Solved

Ben Has Just Learnt to Open and Close Doors on His

question 2

Multiple Choice

Ben has just learnt to open and close doors on his own.He is delighted with his new acheivement and keeps opening and closing doors continuously.The type of play Ben is engaging in here is known as _____.


Definitions:

Imported Good

A product or service that is brought into one country from another to be sold.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported or exported goods, rather than a percentage of their value.

Loss

A situation where expenses exceed revenues, resulting in negative financial performance.

Related Questions